Trend Watch for March 13, 2017: E-commerce drives industrial demand in 2016

•       E-commerce took the top spot in 2016, driving 4.2 million square feet of leasing activity.

•       E-commerce activity and the surge in big-box leasing are expected to impact new development, accelerate rental rates and increase demand for local labor.

•       On average, e-commerce leases were 4.3 times larger than leases signed by other sectors in Northern and Central New Jersey.